NEW YORK DOCK COMPANY

EXHIBIT "C"
Surplus Account as of July 31, 1909
 

Balance,   July   31,  1908,   as   per   Report
Dated September 16, 1908,..............................                             $1,240,819.38

Adjustments Pertaining to Prior Period :

Judgment recovered by R. Palmer and Son.... $    2,320.00
Deduct:

Adjustment of Taxes....................  $296.57

Old Accounts recovered................       74.83                371.40

Net Deduction because of adjustments per¬
taining to prior period......................................                                      1,948.60

Balance, July 31, 1909, as Adjusted................                               1,238,870.78

Add—Net profit for year ended July 31, igog—

See Exhibit "B,"................................................                                  452,691.64
 

Deduct—Depreciation;

Terminal Railway........................................   ...      10,733.90

Railroad Floats........................................-........      13,680.78

Electric Plant.........................................______      14,179.42

iVIachinery and Tools........................................      11,482.73

Total Depreciation Charged..........................
 

Deduct—Dividends Paid:

October 15, 1908, 2 per cent, on

$10,000,000.00 Preferred Stock...............-    200,000.00

April 15, 1909, 2 per cent, on

$10,000,000.00 Preferred Stock__________    200,000.00

Total Dividends..........................................
 

1,641,485,59
 

Balance of Surplus Account as of July 31,

1909—5ee Exhibit "A"........................................                             $1,241,485.59